Risk taking in basketball
Not at all related to the theme of this blog, but the results of this study were too good to not pass along:
We examine gender differences in risk taking in high pressure situations. Using innovative data from professional sportsmen (NBA and WNBA), we find that male teams increase their risk-taking towards the ending of matches when a successful high-risk strategy could secure winning the match. Female teams, in comparison, reduce their risk taking in these situations. The less time left in a match, the larger is the gap. When the prices of an unsuccessful speculative strategy have become big (losing the tournament), we find no increase in risk-taking for male teams.
Which is coherent with the broader landscape’s evidence on risk-taking. Via nationalaffairs.com.